Whether a property is brand new, newly rehabbed, or falling down, it is impossible, I contend, to accurately estimate maintenance expenses for any particular year.

.-13,000 realtor selling fees-5,000 purchase closing costs (estimate)This gives a max purchase price 105k???

Although I'm sure those neighborhoods have a great chance of turning around as the "goodness" radiates outward.So, I called the listing agent last night and sure enough, 3 offers on it, ALL OF THEM OVER LIST.Please, for your sake and ours, if you don't know what you're doing keep your money in your pocket.all cash

Using zillow as my estimate (pretty conservative for my particular house) I would be looking at most a 65% LTV after the cash out refi so yes the HELOC would be temporary.

Do you think there would be a chance you could get it at that amount?

(((I don't accept such things....it's time to break custom......at least offer it to the client, give them a chance to say what they will do....in this neck of the country someone will.....and as far as legality tell me the legal way to do what i want don't tell me it is illegal))))) I look for solutions and am very optomistic....I don't accept failure it isn't an option.Anyone can make money in real estate......ANYONE new investors or old salts.........You know that all of life is unforgiving.I learned from the school of hard knocks.Mistakes, hmmm I've made a few ....is an understatement.JUST DO IT ..............is how we get over those fears.If you don't take the first step then you can never finish the journey because you will never start.L....abor Luck is never had by those who do nothing.U....nderC....orrectK....owlegeWhen I say JUST DO IT...........I truely mean thatIt must be followed up with NEVER GIVE UP NEVER SURRENDER....This business eats up long time investors too.70 percent of the millionaires in this country come from real estate investing.Your in the game like it or notat the age of 65 only 3 percent of the population will be financially independent.Your in the game like it or not ....will you be the 3% or the 97% that is dead broke or still working?

-MichaelAnytime Michael, you can shoot me an e-mail....I have never done a double close yet but there are so many REO's out there I may have to look into it.......I normally sign a contract with a 60 day close, get a contractor in there for an estimate and then market it...if you want more specifics let me know.....

She was running really late, so I had a chance to hang out in the nieghborhood.

Be sure to bring some business cards and don't be afraid to ask any questions.Debrief us if you get a chance.

The more people you know, even non-prospects, the more chances you have to receive referrals and the more business you will have.